artra corporation (TSE:6029) announced a private placement of 837,900 common shares at a price of ¥358 per share for gross proceeds of ¥299,968,200 on March 12, 2021. The transaction will include participation from Kenbun So. Post-completion, the investor will acquire 8.61% stake. The company will receive funding through third party allotment of shares. The transaction has been approved by board of directors of the company. The transaction is expected to close on March 29, 2021.The company will pay estimated amount of issuance expenses ¥5,793,000. The company will receive net proceeds of ¥294,175,200 in the transaction.